CLAIM #51468 · Qualcomm Incorporated (QCOM) · 2024Q3 earnings call · Jul 31, 2024 · due Dec 31, 2026
“And as Akash said in the script, we're actually on track to the metric we provided for $4 billion in 2026.”
Cristiano Amon · CEO
How to check this claim
Look at: Automotive segment annual revenue
It came true if: >= $4 billion in fiscal year 2026
Where: Company-reported automotive segment revenue (10-K / earnings release, FY2026)
In context
“performance. And I want to start by saying this is you continue to see signs of the pipeline translating into revenue. There are a couple of things we really like it. The first one is -- our automotive revenue is all about share of new cars being launched with our content, also is independent whether the industry is about internal combustion or EV because it's all about digital, would be the Snapdragon Digital Chassis really became a key asset for the automotive industry. And just within the quarter, we have not only the launch of 10 new models with our technology, but also we actually have 10 new design wins, which continue to add to the pipeline. So we're very excited about that. We will continue to see as new cars get launched with our technology from the pipeline, the revenue to grow. And as Akash said in the script, we're actually on track to the metric we provided for $4 billion in 2026. One side comment on your question. An upside is what Gen AI is doing in automotive. Gen AI use cases, especially using large language models for audio. It was a great user interface for were behind the wheel. We're starting to see a lot of interesting use case being developed. That upside to our model, it could be an upgrade of content in the digital cockpits that we have in. The second comment which is about PCs. I will start by saying we're very pleased is exceeding our expectations. We -- it's a new version of Windows, the Copilot+ is a new architecture with an ARM compatible. We expect that, that will ramp over a period of time. But what we have seen in the market right now with the 20 models that can launch is exceeding our internal targets. Some models, as I mentioned in my prepared”
Verify independently
SEC filings for QCOM ↗ · Claim quote is verbatim from the 2024Q3 earnings call.